A Fragmenting Sense of the Market: Neo-Smithians in Philip Kozel's Market Sense

Abstract

Philip Kozel's analysis of the ways that markets serve as ordering and organizing metaphors for self and society casts varieties of liberalism in sharp relief. He offers an alternative to the centering force of ‘the market’ that looks at exchange broadly and commodity exchange in particular. Yet Kozel may overlook the instability and fragmentation of the ‘the market’ occurring within what he calls the neo-Smithian tradition. This review takes up this issue in a sympathetic dialogue.